Network: IFAs feel compliance departments are tying their hands

He suggested IFAs are getting increasingly frustrated at being nudged into certain investment processes, product propositions or platforms by their networks, whose compliance departments can't cope with the demand for complex solutions. He said: "Historically in a lot of businesses the compliance departments have been very rules based, they do not understand [how to approach] certain complex business and take long to authorize it. "You need quality compliance staff to make sure the business is not grinding to a halt. A lot of firms have cut back on their depth of technical knowledge."...